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Wednesday Sector Leaders: Consumer Products, Technology & Communications


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Looking at the sectors faring best as of midday Wednesday, shares of Consumer Products companies are outperforming other sectors, higher by 1.3%. Within the sector, Monster Beverage Corp (Symbol: MNST) and Brown-Forman Corp (Symbol: BF.B) are two large stocks leading the way, showing a gain of 3.9% and 3.6%, respectively. Among consumer products ETFs , one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is up 1.2% on the day, and up 1.94% year-to-date. Monster Beverage Corp , meanwhile, is up 5.99% year-to-date, and Brown-Forman Corp is up 0.16% year-to-date. MNST makes up approximately 1.2% of the underlying holdings of IYK.

The next best performing sector is the Technology & Communications sector, up 1.3%. Among large Technology & Communications stocks, KLA-Tencor Corp. (Symbol: KLAC) and Applied Materials, Inc. (Symbol: AMAT) are the most notable, showing a gain of 5.5% and 4.6%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF ( XLK ), which is flat on the day in midday trading, and up 4.07% on a year-to-date basis. KLA-Tencor Corp., meanwhile, is up 8.12% year-to-date, and Applied Materials, Inc. is up 11.50% year-to-date. Combined, KLAC and AMAT make up approximately 1.3% of the underlying holdings of XLK.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

The Online Investor Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, nine sectors are up on the day, while none of the sectors are down.

Sector % Change
Consumer Products +1.3%
Technology & Communications +1.3%
Energy +1.1%
Services +0.9%
Utilities +0.7%
Healthcare +0.7%
Financial +0.7%
Industrial +0.7%
Materials +0.5%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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